1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

USDCHF: Weakens, Aims At The 0.9130 Level.

Discussion in 'Forex Daily News & Outlook' started by FXTechstrategy Team, Aug 10, 2013.

  1. FXTechstrategy Team

    Jan 6, 2013
    Likes Received:
    USDCHF – With continued bearishness seen the past week, further weakness is envisaged in the new week. This development leaves the pair targeting the 0.9130 level where a violation will aim at the 0.9050 level. Bears may come in here and turn USDCHF higher but if this fails to occur, expect further decline towards the 0.9000 levels. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, the pair will have to return above the 0.9412 level and then the 0.9750 level to annul its present bearishness and then resume its corrective strength. This if seen will target the 0.9838 level, its Jun 2013 high with a cut through here resuming its broader medium term bias and opening the door for a move higher towards the 0.9900 level. On the whole, the pair looks to extend its weakness in the new week.

  2. vic84

    vic84 New Member

    May 23, 2013
    Likes Received:
    USD has been on the lower side this whole week............

Share This Page